CRUDE OIL Swing Short! Sell!
Hello,Traders!
USOIL keeps growing
And Oil is locally overbought
So after the price hit a very
Strong resistance level
Around 65.00$ we will be
Expecting a pullback and
A local bearish correction
Sell!
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Oil
USOIL:Go long
Crude oil prices rose due to ongoing tariff uncertainty as well as ongoing geopolitical tensions in the Middle East.
From the chart, the K line has repeatedly appeared long lower shadow small solid positive line, indicating that the lower buying long support is strong. Expected intraday crude oil short - term trend still exists a wave of upward space.
Trading Strategy:
BUY@62.5-62.6
TP: 63.5-64
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WTI OIL The perfect scalping Rectangle.WTI Oil (USOIL) has been trading within a 3-week Rectangle pattern since the May 13th High and yesterday it got rejected on its top. This is a technical sell signal, with it natural target being the bottom of the pattern at $60.70.
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Weekly Market Forecast: Monday UPDATES!How accurate were the forecasts for S&P 500, NASDAQ, DOW JONES, Gold and Silver futures given in the Weekly Market Forecast for this week?
BULLSEYE!
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I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
There remains a risk of further downside for crude oil prices.During Monday's US trading session, international oil prices rebounded strongly. The main US crude contract surged 2.5% at one point to $62.31 per barrel, while the August Brent crude futures also rose more than 2% to $64.12 per barrel. Two key drivers underlie this rally: OPEC+'s maintenance of a "modest production increase" strategy at its weekend meeting, and Ukraine's surprise attack on a Russian military airfield. The crude oil market is currently in a dual game of "policy and geopolitics": OPEC+ seeks to balance the market with "modest production increases," while Ukraine's raid serves as a reminder that black swans are never far away.
Short-term Outlook:
US oil prices may remain range-bound between $60-$64 per barrel.
However, if the Russia-Ukraine conflict deteriorates or internal rifts within OPEC+ deepen, a new round of violent volatility (sharp rallies or crashes) cannot be ruled out.
Technical Analysis:
Early trading saw oil prices consolidate in a narrow range near $61, reflecting a secondary rhythm.
The MACD indicator is bearishly diverging below the zero axis with strong bearish momentum, suggesting a risk of continued downward movement in crude oil prices during the session.
Trading Strategy:
sell@63.5-64.0
TP:61.6-62.0
Market Analysis: WTI Crude Oil Price Could Gain Bullish PaceMarket Analysis: WTI Crude Oil Price Could Gain Bullish Pace
WTI Crude Oil is gaining bullish momentum and might even test $62.75.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude Oil climbed above the $60.50 and $60.80 resistance levels.
- There was a break above a key bearish trend line with resistance at $60.80 on the hourly chart of XTI/USD at FXOpen.
WTI Crude Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price started a fresh upward move from $59.45 against the US Dollar. The price gained bullish momentum after it broke the $60.00 resistance.
The bulls pushed the price above the 50% Fib retracement level of the downward move from the $62.76 swing high to the $59.45 low. The price even climbed above the 50-hour simple moving average. Besides, there was a break above a key bearish trend line with resistance at $60.80.
It tested the $61.50 resistance zone and the 61.8% Fib retracement level of the downward move from the $62.76 swing high to the $59.45 low.
The RSI is now near the 50 level and the price could aim for more gains. If the price climbs higher again, it could face resistance near $62.00. The next major resistance is near the $62.75 level. Any more gains might send the price toward the $63.45 level or even $65.00.
Conversely, the price might correct gains and test the $60.80 support level. The next major support on the WTI Crude Oil chart is near the $59.45 zone, below which the price could test the $58.00 zone.
If there is a downside break, the price might decline toward $56.50. Any more losses may perhaps open the doors for a move toward the $55.50 support zone.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
WTI Oil H1 | Falling toward an overlap supportWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 61.52 which is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 59.60 which is a level that lies underneath a multi-swing-low support.
Take profit is at 63.00 which is a swing-high resistance.
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Weekly Market Forecast: Stocks, Gold, Silver & Crude OilIn this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of June 2 - 6th.
Stock Indices are looking more bullish than bearish. Valid buys only!
Gold is moving sideways. Wait for confirmation before a buy/sell signal.
Oil prices may tick lower. Trade carefully.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
USOIL: Bullish Forecast & Bullish Scenario
The price of USOIL will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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USDCAD weekly analysis: Jun 1, 2025 – Jun 7, 2025Most important news and situations are for this pair.
1st, BOC rate decision week!
2nd, Iran-US negotiations that could make a real difference to oil markets.
3rd, The relatively strong long-term bullish trendline.
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The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
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Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points
The bears continue to dominate!Oil prices fluctuated lower this week, primarily pressured by the repeated U.S. tariff policies and expectations of OPEC+ production increases. During Friday's Asian session, Brent crude oil futures fell 0.41% to $63.89 per barrel, while U.S. WTI crude oil futures declined 0.44% to $60.67. The Brent July futures contract is set to expire on Friday. The tariffs imposed by U.S. President Trump were originally suspended, but the U.S. Federal Appellate Court temporarily reinstated them on Thursday, overturning the trade court's suspension ruling made on Wednesday. This legal volatility caused oil prices to plummet by more than 1% on Thursday.
The crude oil market this week has shown high sensitivity, influenced not only by legal rulings but also by dual pressures from geopolitical tensions and internal coordination imbalances within the organization. Under the intertwined effects of tariffs and production expectations, oil prices have struggled to achieve directional breakthroughs. If OPEC+ fails to reach an agreement on production control and demand from Asian countries and other major consumers has not recovered, oil prices are likely to maintain a weak oscillating pattern in the coming weeks. The MACD indicator is opening downward below the zero axis, with strong bearish momentum, suggesting a risk of further downside for crude oil during the day.
Overall, for next week's crude oil trading strategy, He Bosheng recommends focusing on bearish trades on rebounds, complemented by bullish trades on pullbacks.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
sell@61.5-62,0
TP:59.5-60.0
#202522 - priceactiontds - weekly update - wti crude oil futuresGood Day and I hope you are well.
comment: 3 weeks inside a tight range but market keeps getting rejected under the weekly 20ema and it’s consecutive bear bars now. Below 59.8 I favor the bears for more downside.
current market cycle: monthly time frame is a broad bear channel - weekly tf is a bear wedge - daily is a trading range
key levels: 55 - 64
bull case: Bulls need a daily close above 64 to retest the bear trend line of this big bear wedge from the January high 78.1. That’s the whole story for now. Market oscillates around 61 without any momentum, so buy low, sell high until it stops working.
Invalidation is below 59.8.
bear case: Bears need a daily close below 59.8 for more downside but market has been pretty much in balance for 3 weeks around 61. Problem for the bulls is, that we closed lower again and the tails above the weekly bars are much bigger than the ones below bars. So bears are slightly favored but only very slightly.
Invalidation is above 64.4
short term: Neutral. Playing the range until it stops working but mostly only small scalps. Market is likely waiting for an end to the tariff madness which might not come.
medium-long term - Update from 2025-05-25: Need a clear break of the trading range 54 - 64 before we can come up with new targets. Bear trend (wedge) is valid until the trend line breaks.
USOIL:Sharing of the Trading Strategy for Next WeekAll the trading signals this week have resulted in profits!!! Check it!!!👉👉👉
Fundamental Analysis:
Uncertainty over the OPEC+ production increase plan continues to unsettle markets. If the 增产 (production hike) is implemented, increased supply will pressure oil prices.
Meanwhile, uneven global economic recovery has impacted crude oil demand expectations.
Technical Analysis:
Daily candlestick charts show prices oscillating within a $59–$63 range. The MACD indicator remains below the zero line, with bearish signals persisting.
The 50-day moving average forms strong resistance near $63, while $58.9 serves as key support.
Trading Strategy:
Await rebounds to initiate short positions.
Trading Strategy:
Sell@63-62
TP:60-59
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USOIL: Target Is Down! Short!
Today we will analyse USOIL together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 60.844 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
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USOIL Expected Growth! BUY!
My dear subscribers,
My technical analysis for USOIL is below:
The price is coiling around a solid key level - 60.68
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 61.41
My Stop Loss - 60.25
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
WTI CRUDE OIL: Repeated rejections on the 1D MA50.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 46.483, MACD = -0.530, ADX = 16.270) as it is trading sideways for the past 2 weeks, unable however to cross above the 1D MA50, which along with the LH trendline, keep the trend bearish. Sell and aim for thr S1 level (TP = 56.00). Emerging Bearish Cross also on the 1D MACD.
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USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 61.25
Target Level: 56.17
Stop Loss: 64.55
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WTI Crude Oil – Bearish Elliott Wave SetupOn the 15-minute chart, I’m tracking a corrective rally in wave (ii) heading toward the 0.618 Fib zone (around 62.2–62.3) before the next major leg lower.
🔻 Bearish target: 52.00
📈 Looking for the final push up before confirming downside continuation.
💬 What are your thoughts on this Elliott Wave count?
For more updates and ideas, check my profile bio!
#WTI #CrudeOil #elliottwave #priceaction #technicalanalysis
What to expect from WTI oil in the near term?We are currently not doing anything with WTI oil, but monitoring it very closely.
Let's dig in!
TVC:USOIL
MARKETSCOM:OIL
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